Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) Target Price at $121.93

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $121.93.

A number of equities analysts recently commented on the company. Bank of America began coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Roth Mkm raised their price objective on shares of TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. TD Cowen boosted their target price on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley increased their price target on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the transaction, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently added to or reduced their stakes in TKO. International Assets Investment Management LLC acquired a new stake in shares of TKO Group in the fourth quarter valued at $27,000. California Public Employees Retirement System raised its position in TKO Group by 66.1% in the 4th quarter. California Public Employees Retirement System now owns 93,410 shares of the company’s stock valued at $7,620,000 after purchasing an additional 37,175 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of TKO Group by 37.5% during the fourth quarter. New York State Common Retirement Fund now owns 48,735 shares of the company’s stock worth $3,976,000 after buying an additional 13,280 shares in the last quarter. Truist Financial Corp raised its holdings in TKO Group by 22.5% in the fourth quarter. Truist Financial Corp now owns 4,760 shares of the company’s stock valued at $388,000 after acquiring an additional 875 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in TKO Group by 13.6% in the fourth quarter. Russell Investments Group Ltd. now owns 87,746 shares of the company’s stock worth $7,158,000 after acquiring an additional 10,495 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Trading Down 1.5 %

Shares of TKO opened at $116.17 on Friday. TKO Group has a 52-week low of $72.33 and a 52-week high of $120.70. The stock has a market cap of $19.78 billion, a PE ratio of -115.02 and a beta of 1.04. The firm’s fifty day moving average is $112.48 and its two-hundred day moving average is $101.62. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The business had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s revenue was up 178.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Research analysts forecast that TKO Group will post 4.17 earnings per share for the current fiscal year.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.